Tag: Launches

Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong – Bitcoin News

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One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland. Chinese Insurance Giant Enters Crypto Space Through Hong Kong Subsidiary A Hong Kong-based company, part of the China Pacific Insurance Company (CPIC) group, has joined forces with Waterdrip Capital and established two investment funds in the special administrative region that will concentrate on…

Mintlayer, a Bitcoin sidechain, launches a $4m open-source development grant for developers

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Mintlayer, a Bitcoin sidechain, recently launched an open-source development grant program with $4m worth of ML tokens available for developers.  Mintlayer funding innovation in Bitcoin’s ecosystem The grants initiative by Mintlayer is specifically designed for projects that would be valuable for the Mintlayer protocol but may not necessarily be profitable. Projects that can create value within the Mintlayer ecosystem, but may not involve issuing a pre-allocated token or generating a revenue stream, are encouraged to apply for a grant. Those who might be eligible for funding include those related to…

Bitcoin Sidechain Mintlayer Launches $4M Grants Initiative

The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps.  Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch is the “first major ecosystem initiative in Mintlayer’s long-term development” and is reserved for projects that will directly benefit the Mintlayer ecosystem first and the Bitcoin ecosystem by extension.  “One of our directives is to attract the best teams,…

Trust Wallet Launches on Ramp with MoonPay and Ramp Network

Launching an on and off-ramp service with MoonPay and Ramp Network is just another direct avenue to push the millions of users that rely on Binance for these services to become largely independent. Decentralized crypto wallet infrastructure and service provider Trust Wallet has inked a new partnership with MoonPay and Ramp Network as it seeks to introduce additional utility for the benefit of its users. According to a CoinDesk report, the partnerships with the two payment services will enable Trust Wallet users to convert their tokens to fiat directly from…

BTG Pactual Launches Its Stablecoin on Polygon

Like many stablecoins, BTG Dol token is also pegged to the US dollar. Latin America’s biggest investment bank, BTG Pactual, has just announced the launch of its own stablecoin – BTG Dol. According to an official statement from the bank, the stablecoin will run on the Polygon network and is already available to clients. The bank’s choice of blockchain network does not exactly come as a surprise though. This is considering that Polygon is compatible with Ethereum and backs several major brands including Disney and Starbucks.  It might also be…

Binance self-custody wallet launches crypto-to-fiat off-ramp

Trust Wallet, the noncustodial and multichain crypto wallet, has partnered with Ramp and MoonPay to introduce seamless crypto-to-fiat withdrawals for its users. The partnership will allow wallet users to convert crypto to fiat directly within the wallet app. The feature eliminates the need for transferring funds to a centralized wallet to liquidate or convert to fiat. With the help of this new functionality, users may now enter and exit the cryptocurrency market totally through their self-custody wallet and take complete control of their cryptocurrency funds. Cash out window. Source: Trust…

OpenSea launches advanced NFT marketplace aggregator

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NFT marketplace OpenSea has unveiled OpenSea Pro, its new non-fungible token (NFT) marketplace aggregator aimed at serving the needs of professional users. OpenSea’s acquisition of NFT aggregator Gem in April 2022 enabled it to develop and refine Gem’s platform to create the new OpenSea Pro. Allow us to reintroduce ourselves Starting today, Gem V2, the best-in-class NFT aggregator, is now OpenSea Pro! ➡️⛵️ OpenSea Pro will still be run by the same Gem team you know & love, but with unified brands we are able to offer users MUCH more…

Crypto exchange backed by 3AC founders launches with claims trading plans

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Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX. Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO, the launch of the exchange was aimed at wanting to “help the industry” amid the collapse of platforms including FTX and Celsius. “Claims trading will be the next thing that…

OpenEden Launches Tokenized US Treasury Bills

The OpenEden TBILL tokens are Ethereum-based ERC-20 standards that are transferable between different blockchain wallets. Former senior officials at the Gemini crypto exchange announced that OpenEden, a decentralized finance (DeFi) platform, had launched the first smart contract vault to offer access to US Treasury Bills (T-Bills). According to the announcement, OpenEden will enable stablecoins holders to mint Treasury Bills (T-BILL) tokens through the OpenEden T-BILL Vaul. As a result, OpenEden users can earn a US risk-free rate, with yields of about 4.8 percent per annum starting from March 2023. Notably,…